In the latest example of the growing trend of mall redevelopments across Canada, the City of Surrey has received a development proposal pertaining to the Semiahmoo Shopping Centre in South Surrey. The Semiahmoo Shopping Centre is located at 1701 152 Street, near the intersection with 16th Avenue (North Bluff Road) and immediately north of White Rock. The mall is comprised of three legal parcels: 1711 152 Street, 1797 152 Street, and 15150 18 Avenue, which BC Assessment values at $114,115,000, $8,693,000, and $12,705,600, respectively, for a total value of $135,513,600. The development proposal is being made by First Capital Realty, which operates the retail-focused First Capital Real Est
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